Midnite Partners with TrueLayer to Launch Instant Pay by Bank for UK Sports Betting

Midnite has integrated TrueLayer’s Pay by Bank functionality to streamline the high-friction environment of sports betting deposits and withdrawals. For fintech professionals, this move highlights the continued displacement of traditional card rails by open banking in high-velocity sectors where instant liquidity and biometric security are becoming the baseline for user retention.

What was announced

Midnite, a mobile-first sports betting and iGaming platform, has officially gone live with TrueLayer’s Pay by Bank solution. The integration is designed to replace the cumbersome process of manual card entry with a direct, bank-to-bank payment flow. By leveraging open banking infrastructure, Midnite players in the UK can now initiate transactions that are authenticated via their own banking apps using biometrics, such as FaceID or fingerprint scanning.

The partnership focuses on two critical pain points in the gambling industry: speed of deposit and the immediacy of payouts. The Pay by Bank system allows for real-time payment confirmation and instant withdrawals, moving funds directly between the operator and the player’s bank account. This eliminates the multi-day waiting periods often associated with traditional debit card refunds.

Early performance data indicates strong adoption among Midnite’s user base. The integration taps into TrueLayer’s existing network, which encompasses 27 million users across the UK and Europe. The technical implementation focuses on an app-to-app flow, specifically optimized for the mobile-first generation of bettors that Midnite targets. By removing the need for card details, the system reduces the risk of manual entry errors and card theft, while providing a higher-converting checkout experience.

"At Midnite, we want the experience to rival the best consumer apps, and payments are no exception. Players expect money in and out to be instant and secure. TrueLayer's Pay by Bank gives us the infrastructure to deliver that. The early results speak for themselves."

Christian Huynh, Lead Product Manager at Midnite.

The companies involved

TrueLayer is a prominent leader in the open banking space, providing the interface that connects financial institutions with external applications. The company has established a significant footprint across the UK and Europe, building an extensive user network that facilitates seamless account-to-account payments and data API integrations. TrueLayer has recently focused on high-growth verticals like iGaming and retail investment, where real-time financial data and instant settlement are competitive necessities.

Midnite, founded in 2018, is a UK-based sports betting and iGaming operator that distinguishes itself through a proprietary mobile-first technology stack. Rather than relying on legacy third-party platforms, Midnite has built its own infrastructure to cater to a younger, tech-savvy demographic. The brand has positioned itself as a "built different" alternative to traditional bookmakers, focusing heavily on user experience (UX) and modern interface design to gain market share in the highly competitive UK betting landscape.

What FF News has reported before

FF News has closely tracked TrueLayer’s expansion and its strategic moves to dominate the open banking sector. In March 2026, we reported that TrueLayer Appoints Stefano De Lollis as Head of Ecommerce to Accelerate European Growth, signaling a push beyond its core fintech roots. The company’s influence on the investment sector was also noted when TrueLayer Data Reveals 27% Surge in UK Retail Investment Funding Ahead of SpaceX IPO. More recently, TrueLayer has moved into advanced R&D, as seen when TrueLayer Selected for FCA Supercharged Sandbox to Pioneer AI Agentic Payments. We also covered broader ecosystem developments such as when Ozone API Debuts cVRP Solution to Fast-Track Open Banking Monetisation for Non-CMA9 Banks, which impacts the infrastructure TrueLayer utilizes.

What this means

This partnership is a clear signal that the "war for the wallet" in iGaming is being won by open banking providers. For years, the industry was hamstrung by the "three-day wait" for card withdrawals, a friction point that drove players toward competitors or unregulated markets. By making withdrawals instant, Midnite and TrueLayer are setting a new industry standard that puts immense pressure on legacy operators still reliant on traditional card processing.

Watch for TrueLayer to use this successful deployment as a case study to aggressively target larger, tier-one gambling operators. If the "early results" mentioned by Midnite translate into significantly higher lifetime value (LTV) for players, the shift away from Visa and Mastercard in the betting sector will accelerate rapidly through 2027.